PayNet AbsolutePD Stress Test Simulator generates scenario-based probability of default predictions at the individual obligor level, based on the set of Federal Reserve System (FRS) macroeconomic variables, and on the result of PayNet AbsolutePD®(APD).

Functioning as an add-on module to the APD modeling infrastructure, the APD Stress Test Simulator module generates up to five scenarios based on different sets of macroeconomic variables, which include three sets of FRS scenarios - baseline, adverse and severely adverse - together with two sets of user defined scenarios.

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